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This is an excellent question! How do I price my MVP? Pricing is a complex decision to make, especially in a startup world where you’re the first one in the market and you don’t have any established brand or customers. There will always be a certain sense of scepticism.
Everything about this question makes me think of the answer NO. But let’s break it down between the risks and opportunities of using cost based options for a startup. I will base it on the background of technology and software development. I have not seen cost based pricing for a technology startup since the costs are so difficult to ascertain.
Target customer segment for a startup: This is one of the most valuable steps to take in the startup journey. I love this feeling when we realise that the idea we have solves a pain point of more than one person – i.e the beauty of scale. There’s something magical about this feeling because it … Read more
Let’s talk about something that every startup founder eventually learns the hard way — the difference between good design and bad design. In the startup world, every design choice can make or break your product’s first impression. With limited time, money, and people, we don’t have the luxury of poor design decisions. Good design isn’t … Read more
Startups are hard work and more challenging when you have to invest your savings to make it work. Although investors like the idea of a founder investing their own money, I find the question of how to build a startup with no money more intriguing.
It takes us back to the principles of bootstrapping and lean principles of starting with minimal resources or wastage. In this article, we will focus our thoughts on building a startup with zero investment, strategies and a few examples of types of startups with no money.